TurboTax has miscalculated my sep ira deposit allowance

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TurboTax has miscalculated my sep ira deposit allowance

Your assertion is likely untrue unless you have made an entry error. In what way do you believe that TurboTax has miscalculated?

Be aware that the SEP contribution is not permitted to exceed 20% of net earnings. Net earnings are net profit minus the deductible portion of self-employment taxes.

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